Downside Prevails
Our Pivot: 1747.00
Our Preference: Start short selling XAUUSD below 1738 with strict stop loss of 1747.00 and profit target at 1723.70 with extension towards 1717.10.
Alternate Scenario: Upward penetration of 1747.00 will call for 1751 and 1755.
NOTE: XAUUSD is being capped by a descending trend line along with a strong horizontal resistant region.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.